Quote:
Originally posted by Joe Sixpack@Jan 27 2004, 11:28 PM
You see, here in Australia the income tax payable on $20,000 is $2380.
And no, the GST is a flat 10%. It doesn't change.
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I lied (I actually subtracted $7K from $20K and got $23K.....
), the taxes on $20K would be $2650. But understand that's the Adjusted Gross Income - this person would, in reality, be making closer to $25K+ in order to have an AGI of $20K, which is what these tax amounts are counted on.